Annual report pursuant to Section 13 and 15(d)

3. PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

Property, plant, and equipment consist of the following as of June 30,

	2012			2011

Office equipment at cost	$	16,143		$	16,837
Less: Accumulated depreciation		(11,526	)		(10,182	)

Total property, plant, and equipment	$	4,617		$	6,655

Depreciation expense for the years ended June 30, 2012 and 2011 were $1,792 and $1,857, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details